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1.Your first child has just been born. You want to give her a million dollars when she retires at age 63 . If you invest

1.Your first child has just been born. You want to give her a million dollars when she retires at age63. If you invest your money at11%compounded quarterly, how much do you need to invest today so your child will have a million dollars in63years? (Round your answer to the nearest cent.)

2.Solve for the indicated variable.A=210e0.238tfort

t=

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